New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-06-27

The bank exchanges at the TewYo.E clearing House nd
weeks OF three years compares as follows:
Week ending June 81 1885 June e. 1886 June 25 1887
ES sssss sold ssisa s5s5so o2S2o
The local aud speculative money market partially
would occur before July Until Thursday rates for call
10 Is cent and Friday loans ranged
commission for three days and Interest down To
high IV as per cent per diem or 90 per cent per an,
till Monday-three days-and the highest was 5.l6 per
cent and interest," which equal to 43 per cent but the
fair q the day was not % &c per cent &
market there was .s.o no monetary ,,,. difficulty
were not above SASS per cent and time loans good
cclsterals all the time obtainable at per cent
manipuat;on~a withdrawal OF individual funds from
the market-aidei by studied prior attempt TO create
Secretary yesterday after business hours instructed the
Assistant Treasurer at HewYors 70 pay the JIy inter
and rsr cen, 'sDs S2s5s tota Interest
sec1re. during the last week How are you going
to get 70 July Last week 81 900 900 Of legal money
of the Treasury retire surrendered bank note
circulation andrcsponsye TO new applications 100000
Of money!
ton OF $50oOO0 In circulating notes u business war
age dnrng He next ak months From its receipts the
Treasury will redeem the surrendered bank circulation
and will meet Congress In December with praonesiy tns
nm available" balance OF S70,0J0000 or SsOOOO,OOQ.
which will cry loudly to Congress for release win all
the money In the Treasury II practically has no sur.
plus over Its accrued liabilities With the surrendered
National bank circulation paid of from future receipts
aud continued application for new bank note clrcua-
tion the problem will be smpled and Treasury ociais
VIII ne as anxious Tor methods 10 reduce the surplus rs
au season they were fearful OF appropriations OF FUNDS
already mo'tgaged.
lie large movement, OF wheat toward the Atlantic
ports has weakened New York exchange at Chicago aud
st. Louis at the South however rates favorable to
Eerfork. but as tue cotton approaching no
rement OF money this way he expected. but
witt the beginning OF the movement OF crop,
the supply OF cotton bills will augment the i'm
por atoms OF gold from Europe The foreign exch
nlre ,dy down TO the point permitting gold imports
there activity IN the market Tho beat obtain.
able rates for sterling 81 SO and 81 81 respectively
for l,ng aud short biils. With money In London at per
cent and in NewYork at 30 per cent pressure OF
bills ut the rates named will start tho gold influx.
For evences of substantial soundness Of tho general
commercial and mercantile situations, 1t Is only neces
10 refer /, the fact that early In the week IL
developed that the ramincaons OF the great wheat pool
extensive than az FIRST was supposed that
bv n e Fidelity Bank OF Cincinnati irretrieyably
rninod. aud the credit OF one bank In Chicago
jccpardized, and that untruthful rumors con-
corning Eastern banks were In free
circnlaton and that despite all their unfavoraDle IN
fuences, real and imagined, there was pot spasm of
nneasiEess anxiety Ia CIRCLES engaged In legitimate
business Even the stock furry Of Friday sharp and
severe No II wss did not retard the movement of an
ounce OF merchandise. Cotton 10 gradually working
sssier and closes lower than week sgo aud GIG low